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this post was submitted on 16 Aug 2024
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New Communities
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The rules for behavior are a straight carry over of Mastodon.World's rules. You can click the link but we've reposted them here in brief, as a guideline. We will continue to use the Mastodon.World rules as the master list. Over all, be nice to each other and remember this isn't a community built around debate. For the rules about formatting your posts, scroll down to number 2.
1. Follow the rules of Mastodon.world, which can be found here.
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Please include this following format in your post:
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A: This is a current known issue with large communities. Sometimes it does get posted, but just continues spinning, but sometimes it doesn't get posted and continues spinning. If it doesn't actually get posted, the best thing to do is try later. However, only some people seem to be having this problem at the moment.
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I will readily agree that crypto absolutists are worse than the status quo. But I will also say that there are plenty of good people working in "web3" that are genuinely focused on building alternatives for disenfranchised groups.
The problem with web3 is in some ways similar to the problems of Fediverse and commons-based R&D: the majority of people claim they want to support the original (noble) goals, but when push comes to shove they do not back their words with actions, so the good projects get eclipsed by the psychopaths that get investment and resources because they made empty promises that appeal to people's greed. This is why we end up with A16Z scam DeFi, SBF, Threads & "source available" software projects.
The problem with the fediverse is that not enough people get how it works, so they don't use it, so there's not enough content, so there's less incentive to use it. The benefits of the fediverse are that you can't exploit and ruin something for everyone if there's an alternative readily available for them to use instead, and the fediverse is BUILT on those alternatives.
The problem with web3 is it does nothing practical enough to justify its existence. The only people who found a use case for it just used it like stock shares, being something worthless that might be valuable if enough time passes. Calling it an alternative to money is absurdly naive at best, manipulative at worst.
Imagine if you had a boss who told you they would only pay you in company stock, and tried to say that it's better than being paid money. That's what this is.
As long as there is a market with enough liquidity, being paid in stock shares is not a problem. At all.
Also: stablecoins. If you live in a developed country you may think it's stupid, but go ask someone in Argentina or Venezuela if they rather get paid in DAI or Pesos.
This. This right here. I live in Iran, and crypto currencies have been a life saver for many of us. Our local currency (IRR) is getting more worthless by the second. Many people have started immediately exchanging their earnings in IRR to something, anything else, including of course, cryptocurrencies.
I don't think most people who live in first-world countries like America can see the use in cryptocurrencies as clearly as people who live in third-wirld countries, where you get paid a dollar an hour on average at local jobs, and that's IF you have a decent job to begin with.
I have provided my services to people outside my country, and I prefer to do that, exactly because they are going to pay in dollar and not in IRR. And of course, they can't do that through something like PayPal or UpWork, etc. because those services aren't available to Iranians in the first place. Crypto currencies have saved and continue to save many, many people who live in these kinds of countries, because they provide a way for them to actually improve their lives by working, and not just hardly survive in whatever situation they are in and just stay alive for a bit longer. You can't really change your life working 8 hours a day, 6 days a week, for $1 an hour. It's just not feasible.
Again, I think it's something that most people who already have ready access to these kinds of services, and who use these services without ever doing anything that makes those centralized services start questioning whether they should ban their account or not, won't really get to appreciate. Want to use PayPal? Nope! You're an Iranian, so fuck you. You can starve to death for all these kinds of services care. You might be born as the most gifted person on earth inside Iran, and yet, if services like PayPal were THE ONLY way to work non-local jobs, you would lose so so much of your life just trying to survive, instead of doing something that helps people around the world.
Cryptocurrencies, have quite literally, been a life saver for many, many people in my country. And no, they mostly weren't scammers either. Some of them, sure, of course, but let's remember that scamming isn't something that only happens with cryptocurrencies. Scamming has been a thing way, waaay before cryptocurrencies were a thing.
It's kind of like proprietary vs Free software. You won't appreciate the Free, open source alternative until the proprietary one reeeally starts getting on your nerves, and changing in a way that directly affects you. This is the exact reason behind why people who advocate free software usage seem like insane people, because again, it's not something that you appreciate, until what you've been using starts to show you why you should have cared about these kinds of things a long time ago.
You get to appreciate the alternative when the current "go-to" solution starts to show its problems. And regular fiat money, for the most part, works pretty well for most people right now, so there's no reason to care about the alternatives at this point.
With crypto you can make international transfers within a few minutes and only pay a few cents. Using a bank account it takes multiple days, and costs a few euros at least. For me that's a major use case and something I do regularly.